Helix Energy Solutions Group - HLX Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Helix Energy Solutions Group in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HLX shares.
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5 analysts have issued 12-month target prices for Helix Energy Solutions Group's shares. Their HLX share price forecasts range from $6.00 to $10.00. On average, they predict the company's stock price to reach $7.71 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
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Helix Energy Solutions Group's stock was trading at $7.38 at the beginning of the year. Since then, HLX shares have increased by 2.7% and is now trading at $7.58.
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Helix Energy Solutions Group saw a increase in short interest in February. As of February 15th, there was short interest totaling 7,860,000 shares, an increase of 5.6% from the January 31st total of 7,440,000 shares. Based on an average daily trading volume, of 1,770,000 shares, the short-interest ratio is currently 4.4 days. Currently, 5.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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Helix Energy Solutions Group, Inc. (NYSE:HLX) issued its earnings results on Tuesday, October, 19th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by $0.03. The oil and gas company had revenue of $180.72 million for the quarter, compared to analysts' expectations of $172.62 million. Helix Energy Solutions Group had a negative trailing twelve-month return on equity of 4.85% and a negative net margin of 10.05%. During the same quarter in the prior year, the firm posted $0.10 earnings per share.

ETFs with the largest weight of Helix Energy Solutions Group (NYSE:HLX) stock in their portfolio include Invesco DWA Energy Momentum ETF (PXI), Invesco S&P SmallCap Energy ETF (PSCE), Invesco Dynamic Oil & Gas Services ETF (PXJ), Cambria Value and Momentum ETF (VAMO), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Changebridge Long/Short Equity ETF (CBLS), Changebridge Select Equity ETF (CBSE) and VanEck Oil Services ETF (OIH).

Helix Energy Solutions Group announced that its board has initiated a stock repurchase program on Monday, February 20th 2023, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 16.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Helix Energy Solutions Group updated its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.00 billion-$1.20 billion, compared to the consensus revenue estimate of $1.08 billion.

18 employees have rated Helix Energy Solutions Group Chief Executive Officer Owen E. Kratz on Glassdoor.com. Owen E. Kratz has an approval rating of 37% among the company's employees. This puts Owen E. Kratz in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Helix Energy Solutions Group investors own include Athersys (ATHX), Energy Transfer (ET), Advanced Micro Devices (AMD), Ford Motor (F), WPX Energy (WPX), General Electric (GE), Marathon Oil (MRO), Oasis Petroleum (OAS), Transocean (RIG) and Enterprise Products Partners (EPD).

Helix Energy Solutions Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "HLX."

Helix Energy Solutions Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.25%), Millennium Management LLC (3.90%), Van ECK Associates Corp (3.05%), Systematic Financial Management LP (1.98%), Voya Investment Management LLC (1.72%) and Geode Capital Management LLC (1.70%). Insiders that own company stock include John Lovoi and Scott Andrew Sparks.
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Shares of HLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HLX stock can currently be purchased for approximately $7.58.

Helix Energy Solutions Group (NYSE:HLX) has a market capitalization of $1.15 billion and generates $873.10 million in revenue each year. The oil and gas company earns $-87,780,000.00 in net income (profit) each year or ($0.58) on an earnings per share basis.

The company employs 2,280 workers across the globe.

Helix Energy Solutions Group's mailing address is 3505 W SAM HOUSTON PARKWAY NORTH SUITE 400, HOUSTON TX, 77043. The official website for the company is www.helixesg.com. The oil and gas company can be reached via phone at (281) 618-0400, via email at investorrelations@helixesg.com, or via fax at 281-618-0500.